Blue Mile Foundation Inc
- Assets
- $1.7m
- Revenue
- $20.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Statesboro, GA
- Founding
- 12/2017
- Data as of
- 12/2021
- EIN
- 82-1295974
Organization Overview
Blue Mile Foundation Inc is located in Statesboro, GA. The organization was established in 2017. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blue Mile Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Blue Mile Foundation Inc generated $20.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (55.3%) each year. All expenses for the organization totaled $24.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE COMMUNITY ADVANCEMENT THROUGH NEIGHBORHOOD STABILIZATION, BUSINESS RECRUITMENT/RENTENTION, DEVELOPMENT OF GREENSPACE, DESIGNATION AND BRAND OF THE CORRIDOR AS A DESTINATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE ARE IMPROVING OUR COMMUNITY THROUGH REVITALIZATION OF DOWNTOWN STATESBORO TO PROMOTE NEIGHBORHOOD STABILIZATION, BUSINESS RECRUITMENT/RETENTION AND DEVELOPMENT OF GREENSPACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darron Burnette Treasurer | OfficerTrustee | $0 | |
Keely Fennell President | OfficerTrustee | $0 | |
Phyllis Thompson Secretary | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,000 |
| Total Program Service Revenue | $0 |
| Investment income | $1,631 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $17,335 |
| Net Gain/Loss on Asset Sales | $305 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,271 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,176 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $12 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,148 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,738 |
| All other expenses | $0 |
| Total functional expenses | $24,758 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,375 |
| Savings and temporary cash investments | $159,255 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,447,028 |
| Investments—publicly traded securities | $75,357 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,695,015 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $300,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $375,207 |
| Total liabilities | $675,207 |
| Net assets without donor restrictions | $1,019,808 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,695,015 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Blue Mile Foundation Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
William Warren Ball Family Foundation Inc Statesboro, GA PURPOSE: ECONOMIC REVITALIZATION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Woodbine Community Organization Wco Inc Nashville, TN | $99,872,484 | $15,160,345 |
Community Revitalization And Reservation Corporation Raleigh, NC | $42,174,048 | $6,127,827 |
Northwest Tennessee Development Martin, TN | $5,677,713 | $7,068,049 |
Oasis Center Inc Nashville, TN | $8,797,706 | $7,228,064 |
Action Ministries Inc Atlanta, GA | $1,217,329 | $6,005,144 |
Macon Program For Progress Inc Franklin, NC | $4,140,182 | $6,952,364 |
Economic Opportunities Council Of Indian River County Inc Vero Beach, FL | $1,869,765 | $6,434,584 |
Grand Avenue Economic Community Development Corp Orlando, FL | $15,324,319 | $6,865,821 |
Orpheum Theatre Group Memphis, TN | $37,801,412 | $4,089,220 |
Lowcountry Community Action Agency 807 Hampton Walterboro, SC | $2,100,801 | $6,798,498 |
South Carolina Association Of Community Action Partnerships Columbia, SC | $5,897,085 | $5,969,742 |
St James Plantation Property Owners Association Inc Southport, NC | $7,137,259 | $6,065,011 |